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Egyptian Salary Advance Fintech NowPay Signs MoU with Export Development Bank of Egypt

Egyptian Salary Advance Fintech NowPay Signs MoU with Export Development Bank of Egypt
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Egypt's fintech startup NowPay signs MoU with EBE – Digital Boom

The MoU marks one of the first collaborations between fintech startups and financial institutions in Egypt.
NowPay allows corporate employees to get their salaries in advance any time in the month through its mobile app, which means access to emergency funding anytime, hence better manage their budget.
Launched in 2019, NowPay aims at lowering employees’ financial stress by improving the four pillars of financial wellness for employees; saving, spending, budgeting, and borrowing.
The company most recently raised $2.1 million in seed investment in May 2020 in a round led by Foundation Ventures and Endure Capital and investors from the U.S., UAE, China, and Egypt. The investors’ cluster includes BECO Capital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and Ebtikar. Prominent Angel investors such as Quirky Ventures, Gehan Fathi, and Rolaco also participated in the round. ....

Ahmed Sabry , Gehan Fathi , Mostafa Ashour , Mahmoud Elhosseiny , Foundation Ventures , Development Bank , Export Development Bank , Financial Partnerships , Endure Capital , Prominent Angel , Quirky Ventures , Wadi Degla , Amazon Lending , Managing Director , Stanley Black , அடித்தளம் முயற்சிகள் , வளர்ச்சி வங்கி , ஏற்றுமதி வளர்ச்சி வங்கி , நிதி கூட்டாண்மை , தாங்க மூலதனம் , ப்ராமிநெஂட் தேவதை , நகைச்சுவையான முயற்சிகள் , வாடி டெக்லா , அமேசான் கடன் , நிர்வகித்தல் இயக்குனர் , ஸ்டான்லி கருப்பு ,

Revolut Offers US Dollar & Pound Savings Accounts for UK Users

Revolut Offers US Dollar & Pound Savings Accounts for UK Users
Digital bank
Revolut has announced US dollar savings accounts for UK customers. According to a release, Revolut will offer interest rates of 0.65% AER for Metal customers, 0.50% AER for Premium customers, and 0.40% AER for Plus customers on US dollar funds. There is no minimum deposit and funds may be withdrawn at any time.
Revolut states that funds in
USD Savings Vaults are deposited with
Investec and protected by the Financial Services Compensation Scheme of up to £85,000 (in USD equivalent) for eligible customers.
UK customers may also choose to save in pounds sterling, with Metal and Premium subscribers earning 0.40% AER and Plus subscribers earning 0.20% AER. Savings Vaults deposits are limited to GBP £85,000 (or currency equivalent) per bank. ....

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